Tech Firm Seeks Investment for Growth and Acquisition

Turnium Technology Group Inc. is looking to raise up to $4. 65 million through a new offering. Each unit in this offering costs $1, 000 and includes a secured debenture and 4, 000 share purchase warrants. The debentures come with a 16% annual interest rate and are secured by the company's assets. The warrants allow holders to buy common shares at $0. 10 each for up to 36 months. The company plans to use the funds for several purposes. A big chunk, $2 million, is earmarked for acquiring Insentra, but this part of the deal depends on getting approval from the TSX Venture Exchange. Other funds will go toward repaying loans, covering legal and audit costs, paying off accounts payable, and boosting sales, marketing, and research.Investors should know that the Insentra acquisition is not a done deal. If it falls through, the company will keep the funds for other uses. The debentures can be repaid early, but there are conditions and penalties for doing so. The warrants can also be accelerated under certain conditions. Turnium Technology Group is a global provider of Technology-as-a-Service. The company buys other businesses, integrates them, and delivers their solutions worldwide. Their goal is to offer a complete portfolio of IT solutions to channel partners. The company's CEO, Doug Childress, mentioned that they are finishing up due diligence for the Insentra acquisition. They expect to extend the letter of intent and finalize the deal by late January 2026. If the acquisition doesn't happen, the company will use the funds for other opportunities.